RIL is going to launch Jio phone with the partnership of Google. It will be an android smartphone powered by an operating system.
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| Reliance industries 44th Annual General Meeting held on June 24 |
Reliance industries (RIL) shares price fell over 1% after 44th Annual general meeting (AGM) held on June 24, 2021. Chairman and managing director of the company Mukesh Ambani has made many announcements in this meeting. Mukesh Ambani will invest Rs. 75,000 crore on the green energy in 3 years.
Reliance is one of the biggest companies in India. There are many investors across the world who invest in this company. 3000 shareholders were present in the 44th annual general meeting. People and investors always want to know about the company's announcements in the meeting.
RIL has three businesses- O2C, Retail and Telecom. There is the mixed behaviour of company's shares price during the Annual general meetings. Six times it has fallen but most of the time it rises after the meeting.
In today's meeting, it has also been said that company will welcome the Saudi Aramco's chairman Yasir Al Rumayyan in the RIL board. He is the chairman of one of the largest companies in the world and RIL will take the benefit of his experience. He will join the O2C (Oil to chemical) business of RIL and will act as an independent director of the company.
In the 44th Annual general meeting, Mukesh Ambani also said that even in the Covid-19 pandemic RIL is doing very well. It has not faced any kind of loss and growing rapidly. It remains the highest GST and income tax payer private company in India.
RIL is going to launch Jio phone with the partnership of Google. It will be an android smartphone powered by an operating system. Jio phone will be launched for making India 2G free. There is also a partnership between Jio and Google for launching the 5G.
A few months ago, many international companies like Facebook and Google has invested in Reliance industries which had increased the shares price of the company.
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